566 Boardwalk BlvdRidgelandMS39157
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Ridgeland at 566 Boardwalk Blvd, Ridgeland, MS, 39157 priced at $195,000 pairs $1,648/mo rent with $455/mo cash flow after a $954/mo payment. Total monthly income equals $1,648/mo, and annual cash flow comes to $5,461/yr on $64,643 invested. Return on cash invested is 28.36% in year one, and rental yield stands at 10.14% on a $195,000 basis. Equity gained on principal adds $1,258/yr, and 5% annual appreciation accumulates to $53,875 by year five. Five-year ROI measures 148.12% and total cumulative return in cash reaches $95,746. For financing, Ziffy Mortgage’s DSCR program evaluates $1,648/mo property income against a $954/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 1985
3,484 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39157, Ridgeland, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,325 (100%) |
| Owner Occupied HU | 6,666 (50.0%) |
| Renter Occupied HU | 4,946 (37.1%) |
| Vacant Housing Units | 1,713 (12.9%) |
| Median Home Value | $304,802 |
| Average Home Value | $405,648 |
Housing Distribution
Address Breakdown
Residential
12,626
Single Family
6,821
Multi-Family
5,805
Businesses
2,140
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Listed by: Lisa A Harvey • Lisa Harvey Properties
Mls Name: MLS United
Mls ID: #4096830
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.